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've seen it through the debt ceiling where president obama is moving in their direction and it's still never enough. it's never going to be enough. interestingly here to beth's point, you have a potential strategy here where president obama is demonstrating yet again another object lesson that the republicans are intransigent, not willing to do anything he propose's -- cenk: i got to ask you though, you're all right beth's right joe's right, he's proving over and over republicans are intransigent, but then gives republicans when they wanted and gives it to them again and again. where's the brilliant strategy on policy? isn't he getting his ass kicked? start with joe and move on down. >> it depends on how big a picture you're looking at. certainly in 2012 when we talked about the negotiations over the debt ceiling. what president obama got was an extension of unemployment benefits an extension of the painful tax holiday. cenk: whoop-to-doo! >> for someone at the end of the level, that four or five weeks made a big difference. it also mattered in the fact that it did not detrimentally af
will not negotiate around the debt ceiling. you for your testimony to date. i want to spend some time talking about the presidential proposal. on this question of debt and how we are right, is it fair to say that the 2001 bush tax cuts but was not paid for at the time by this congress added to this country's debt burden? >> there were two wars that will were not paid for. >> as a result of the collapse, andook a $22 trillion hits necessitated a substantial bailouts by this institution. both of which added to our debt burden. is that correct? to the fourates were looking plans that you it does seem to me to be forward-looking plan despite suggestions to the contrary. we are in a very peculiar situation as it relates to our recovery under the administration. it has 6 million private sector jobs that have been created. we have corporate profits at a double high. we have saw market at near all- time highs. the productivity of an american worker is at an all-time high. highloyment remains itself. we have somet economic indicators that seem to suggest we're doing well but others suggest we have a ways to
of played his game a little harder around new year's eve when the debt ceiling thing was going on because we need more taxes. this chain cpi, i don't think it's that terrible because when prices go up on certain things we buy, we as consumers do make choices to substitute for other product. sorry the highest respect for elizabeth warren i'm so happy she is in the senate -- >> stephanie: me too. and nancy pelosi agrees with you on that. >> yeah, we're in a world of tough decisions, stephanie. there just aren't any easy decisions anymore. it is going to hurt. the best thing we can all do -- david [ inaudible ] from the "new york times" wrote a small book about how the budget works. it's just interesting to understand what gets spent and how and then every one of us no matter whether we're liberal or conservative make an informed decision to say what am i prepared to give up, because it is going to be about giving something up. it's not going to be about getting more right now. >> stephanie: yeah, i do agree with you on -- that was the only leverage the president had w
they have to raise the debt ceiling again or else the u.s. could default on its credit. i think that is the sort of mechanism by which we're going to have more -- somebody is going to have to take some action. the question is how big. the president still on this offensive. i think what we have heard from republicans is they're genuinely impressed that the president has gone to these lengths. he's made them feel comfortable in the meetings but the problem is the president in showing good faith to talk about cutting entitlements and social security, he's angered some democrats and he doesn't have a lot of wiggle room now. he's hoping republicans meet him halfway. the problem still is the taxes. the republicans say they raised it in january. the president got what he wanted, albeit less than he want, but they don't want to do that again. let's have the budget cuts without that. i think that's the problem. as much as the president is wining and dining, i think this is where the sticking point will continue to be. >> you talk about no wiggle room. not only does he have critics on the
, the debt ceiling is something that is necessary for the operations of government. we will bring a bill forward that will ensure that we do not go into default, but i do think that we should be mindful of how we are going to tell the public we are going to go into the future and pay off these debts. the gentleman has many children and grandchildren. he does not want his kids, nor do i want mine to be shouldering the debt and paying our bills. really committing ourselves not to just borrowing more, not to just taking more from taxpayer dollars, because we have done a lot of that this year already. the gentleman talks about the need to proceed with revenues. we already have close to $650 billion of additional static revenues, taxes that are accounted for because of the fiscal clef deal. it is not that there are no revenues in the mix here. i look forward to working with the gentleman. i appreciate his commitment to longevity in the country, sustaining economic growth or restarting its the we can -- restarting its so that we can sustain it. i yield back. toi think finding a way invest in t
Search Results 0 to 4 of about 5